xC Soved 3M Co reports beg+ v Connect html ? O a) |?http:/ 10 Required informati

Question

xC Soved 3M Co reports beg+ v Connect html ? O a) |?http:/ 10 Required information A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC. Comparative Balance Sheets December 31, 2817 Part 1 of 4 2017 2016 176 points Assets Cash Accounts receivable, net $ 99,308S 24,988r 42,68052,8ee 89,18099,288 4,500 Inventory 5,688 588 236,68 181,480 113,00 127,5ee Prepaid expenses Total current assets Furniture Accum. depreciation-Furniture (17 580)(9,609) Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable $332,100 $299,300 s 15,788 22,800 9,400 5,000 1,588 2,880 O Type here to search o- F3 FS F6 F8 F9

Explanation / Answer

Furniture Beg. Bal          127,500 acquisition            63,000 77500 sell End Bal          113,000 Accumulated Depreciation            9,600 Beg. Bal sold out furniture dep            31,500          39,400 Depreciation exp          17,500 End Bal Cost            77,500 Accumulated Depreciation            31,500 Book Values(Cash Received)            46,000

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